New feature — DCA has been updated on Tokenize Exchange!
What is DCA?
DCA stands for Dollar — Cost Averaging, an investment strategy in which the total amount to be invested across periodic purchases of a target asset. The goal of DCA is to reduce the overall impact of volatility on the price of the target asset.
How does it work on Tokenize Exchange?
DCA feature allows you to automatically make purchases periodically (daily, weekly, monthly).
For example, you choose monthly option. Next, you will be able to choose which day of the month you want to buy. For instance, 1st day every month. Then, you’ll choose time, eg, 6 pm.
Then, at 6:00 PM 1st monthly, it will auto buy at whatever price (Auto place makes order).
For weekly option, it will process the same way, you must choose date and time. Then on exact time & date, it will execute the order.
Here is steps by steps to use DCA on Tokenize Xchange :
Step 1 : Go to the website then choose the market that you want to trade.
For example : If you want to trade BTC- USDT, click on BTC market
Step 2 : Click on " Try our DCA "
If you want to buy USDT, click on " try our DCA ".
Step 3 : Input investment amount, ask currency, repeat purchase ( Daily, Weekly, Monthly ), accumulate for and choose the date . After that, click on " Start now ".
Step 4 : Confirm your DCA
A green notification will show when you complete the DCA
Commission for this feature is 1% applied to all membership!
Note: Time only specific only on hours.